β¨ Financial Statements
POWERCO
ELECTRICITY DIVISION
Statement of Cash Flows
For the 9 months ended 31 March 2007
| Notes | 9 months to 31 March 2007 $000 | 12 months to 30 June 2006 $000 | |
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Receipts from customers | 203,601 | 250,503 | |
| Net movement in CST | (3,436) | 2,386 | |
| Payments to suppliers and employees | (85,847) | (126,722) | |
| Interest paid | (27,807) | (42,362) | |
| Payments of income tax | (5,304) | (16,382) | |
| Net cash provided by operating activities | 12 | 81,207 | 67,423 |
| CASH FLOWS FROM INVESTING ACTIVITIES | | | |
| Purchase of property, plant and equipment | | (38,987) | (63,102) |
| Net cash used in investing activities | | (38,987) | (63,102) |
| CASH FLOWS FROM FINANCING ACTIVITIES | | | |
| Issue of bonds | | - | 131,600 |
| Issue of commercial paper | | - | 13,875 |
| Issue of US dollar private placement | | - | 25,078 |
| Issue of bank debt | | 12,909 | - |
| Repayment of bank debt | | - | (71,438) |
| Dividends paid | | (36,341) | (51,928) |
| Movement in inter-division account | | (16,402) | (62,516) |
| Net cash used in financing activities | | (39,834) | (15,329) |
| NET INCREASE (DECREASE) IN CASH HELD | | 2,386 | (11,008) |
| Opening cash brought forward | | (15,899) | (4,891) |
| ENDING CASH CARRIED FORWARD | 3 | (13,513) | (15,899) |
The accompanying notes form part of these financial statements
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 46
Gazette.govt.nz —
NZ Gazette 2008, No 46
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Audit Report for Powerco Limited β Electricity Division
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π Trade, Customs & Industry25 February 2008
Audit, Financial Statements, Powerco Limited, Electricity Division, Compliance, Disclosure Requirements